NiCE (NASDAQ:NICE) Given New $100.00 Price Target at Wedbush

NiCE (NASDAQ:NICE) had its price target reduced by equities research analysts at Wedbush from $120.00 to $100.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. Wedbush’s target price points to a potential upside of 14.01% from the company’s previous close.

Several other research analysts have also commented on the stock. Cantor Fitzgerald restated a “neutral” rating and set a $104.00 price target on shares of NiCE in a research note on Wednesday. Jefferies Financial Group reaffirmed a “hold” rating on shares of NiCE in a research note on Thursday, February 19th. Weiss Ratings reiterated a “sell (d+)” rating on shares of NiCE in a report on Friday, March 27th. Royal Bank Of Canada cut their target price on NiCE from $150.00 to $130.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. Finally, Zacks Research raised NiCE from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 24th. Six analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, NiCE has a consensus rating of “Hold” and an average target price of $132.83.

NiCE Stock Performance

Shares of NASDAQ NICE traded down $0.91 during trading hours on Wednesday, hitting $87.72. The stock had a trading volume of 145,140 shares, compared to its average volume of 782,881. The company has a market capitalization of $5.30 billion, a P/E ratio of 10.46, a P/E/G ratio of 0.95 and a beta of 0.78. The firm’s 50-day moving average price is $99.50 and its two-hundred day moving average price is $107.69. NiCE has a 52 week low of $84.38 and a 52 week high of $180.61.

NiCE (NASDAQ:NICE) last issued its quarterly earnings data on Wednesday, May 6th. The technology company reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.12. The firm had revenue of $768.62 million for the quarter, compared to analyst estimates of $760.94 million. NiCE had a net margin of 17.57% and a return on equity of 17.42%. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.87 earnings per share. NiCE has set its FY 2026 guidance at 10.980-11.180 EPS and its Q2 2026 guidance at 2.600-2.700 EPS. As a group, analysts expect that NiCE will post 9.08 EPS for the current fiscal year.

NiCE declared that its board has approved a share buyback plan on Thursday, February 19th that permits the company to repurchase $600.00 million in outstanding shares. This repurchase authorization permits the technology company to reacquire up to 9.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Institutional Trading of NiCE

Large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC acquired a new position in NiCE in the 2nd quarter valued at $40,000. Manchester Capital Management LLC acquired a new position in NiCE during the 4th quarter worth $39,000. V Square Quantitative Management LLC acquired a new position in NiCE during the 1st quarter worth $40,000. Legal & General Group Plc bought a new stake in NiCE during the second quarter valued at about $65,000. Finally, Western Wealth Management LLC bought a new stake in NiCE during the first quarter valued at about $44,000. 63.34% of the stock is owned by institutional investors.

NiCE Company Profile

NiCE Ltd is a global software provider specializing in solutions for customer engagement, financial crime prevention, public safety, workforce optimization and border security. Its product offerings include cloud-native and on-premises platforms that leverage advanced analytics, artificial intelligence and automation to help organizations enhance customer experiences, streamline operations and ensure regulatory compliance. NiCE’s portfolio addresses the needs of contact centers, financial institutions, government agencies and enterprises across a broad range of industries.

In customer engagement, NiCE delivers tools for omnichannel interaction management, real-time and historical analytics, workforce management, and quality management.